Ernesto Miguel Credito
Can you not buy the house in cash you're BRRRRing and do 20% down instead?
6 June 2024 | 4 replies
I am new to real estate investing and BRRRR.I don't have much capital so I am wondering if it's still possible for a BRRRR strategy to work if I am doing a 20% downpayment on a house and have some cash left for renos?
Juli Ford
Should we sell our STR property to pay kids' college loans?
9 June 2024 | 8 replies
The property cash flowed well and covered our expenses in 2021 and 2022 with short-term rentals and about 80-85% business use, but it did not rent as well in 2023 (oversaturated rental market, change in travel restrictions, weather etc...) and dropped to about 65% business use and a negative cash flow of about $15K.
Tony H.
Confused with LLC setup
10 June 2024 | 10 replies
I was told this is the way.However, on a property that I bought 2 years ago, the mortgage note says that if I transfer the deed over to LLC without their permission, they may demand full payment of the loan immediately.I am now trying to get them to give me something in writing that it is okay to transfer the deed to LLC.As for insurance, my broker says the LLC cant be the policy holder, otherwise, lender will foreclose on me.
Albert Lubin
Need help Analyzing a commercial property
9 June 2024 | 6 replies
Below are the key data points:- Gross Rental Income: $118K (I received the rent roll list from agent)- Effective Gross Income: $112K (I'm assuming a 5% vacancy factor)- NOI: $56K (I'm assuming 50% Operating Expenses - inclusive of 10% property mgmt costs, repairs & maintenance and CapEx reserves)- Recommended PP: $623K (Market CAP rate is at ~8%; I used 9% because I want the Cash on Cash return to be 10%+ with a 30% DP at 7.2% interest rate and 30 yrs term)- The asking price is $1.25M.
Kegan Brenner
To refinance or not to refinance
7 June 2024 | 5 replies
We current have about $500k in equity (down payment and loan pay down).
Marquez Davis
21-year-old 1st Development
10 June 2024 | 3 replies
ARV is around $250,000 on the very low end. careful with land in Florida that's all I can say. how much cash do you have get ready to fund a lot of engineering if it's not been built on before
Randall King
Electronic Rent Collection
6 June 2024 | 6 replies
They can pay with cash, ACH, or credit card.
Danielle Levins
How To Calculate a Wholesale Offer
10 June 2024 | 8 replies
Ok,say I have a cash deal as a real estate wholesaler.
Daniel Okeefe
credit screening tenant
8 June 2024 | 4 replies
All great, however, when we ran her background/credit check through Tenant Check LLC it came back No criminal, No eviction, No SO records but it literary shows ZERO credit.. no CC, no car payments , no nothing.
Sharon Freedman
Seeking advice on structuring partnership for fix and flips
9 June 2024 | 1 reply
My potential partner and I have agreed to split everything 50/50 and I was thinking of holding all holding/cash to close funds in escrow and run it through my LLC, but would be interested to hear how any of you structured it in a way that protected yourself in the event that one partner turns out to be problematic.